UK economy

Image for Sterling edges up, UK avoids higher US metals tariffs
Headlines

Sterling edges up, UK avoids higher US metals tariffs

By Johann M Cherian (Reuters) -Sterling firmed against the dollar on Wednesday, as investors were re...

4th June, 2025

Image for UK's Reeves says no plans to raise taxes on scale of 2024 budget
Headlines

UK's Reeves says no plans to raise taxes on scale of 2024 budget

LONDON (Reuters) -British finance minister Rachel Reeves said on Wednesday the government did not ha...

4th June, 2025

Image for More UK pensioners will get winter fuel payments this year, Reeves says
Headlines

More UK pensioners will get winter fuel payments this year, Reeves says

LONDON (Reuters) - British finance minister Rachel Reeves said on Wednesday more pensioners will rec...

4th June, 2025

Image for UK services sector returns to growth in May, PMI survey shows
Headlines

UK services sector returns to growth in May, PMI survey shows

By David Milliken LONDON (Reuters) -Britain's services sector returned to tepid growth last month af...

4th June, 2025

Image for Discount retailer B&M shares fall 10% after drop in UK sales
Finance

Discount retailer B&M shares fall 10% after drop in UK sales

(Reuters) -Discount retailer B&M reported a mere 0.6% rise in annual core profit on Wednesday and sa...

4th June, 2025

Image for Britain pledges to deliver 100,000 drones to Ukraine by April 2026
Headlines

Britain pledges to deliver 100,000 drones to Ukraine by April 2026

LONDON (Reuters) -Britain pledged on Wednesday to supply 100,000 drones to Ukraine by the end of the...

3rd June, 2025

Image for UK's Reeves approves $21 billion of public transport projects outside London
Headlines

UK's Reeves approves $21 billion of public transport projects outside London

By Andy Bruce MANCHESTER, England (Reuters) -British finance minister Rachel Reeves will on Wednesda...

3rd June, 2025

Image for Tesla's UK car sales drop over 45% in May, New AutoMotive early data shows
Headlines

Tesla's UK car sales drop over 45% in May, New AutoMotive early data shows

(Reuters) -Tesla's new car sales in Britain tumbled more than 45% from a year earlier in May, prelim...

3rd June, 2025

Image for Britain has 12 days to save bioethanol industry, says AB Foods
Headlines

Britain has 12 days to save bioethanol industry, says AB Foods

By James Davey LONDON (Reuters) -One of Britain's biggest bioethanol producers warned the government...

3rd June, 2025

Image for UK utility Pennon swings to pretax annual loss on investment costs
Finance

UK utility Pennon swings to pretax annual loss on investment costs

(Reuters) -British water utility Pennon Group swung to an annual pretax loss on Tuesday, hurt by cos...

3rd June, 2025

Image for BoE's Bailey sticks with 'careful' rate cut view as uncertainty deepens
Finance

BoE's Bailey sticks with 'careful' rate cut view as uncertainty deepens

(Reuters) -Bank of England Governor Andrew Bailey said on Tuesday he was sticking with a "gradual an...

3rd June, 2025

Image for Sterling tiptoes lower; 40-year gilt auction, BoE speakers in focus
Finance

Sterling tiptoes lower; 40-year gilt auction, BoE speakers in focus

LONDON (Reuters) -The pound trod water on Tuesday, holding mostly steady against the dollar and the...

3rd June, 2025